- Comprehensive regulatory, fiscal, and infrastructure reforms implemented by 2024.
- Ranked 39th on the Global Innovation Index 2024 among 133 economies.
- BRAP 2024 initiatives streamline processes using global frameworks like World Bank’s B-READY.
- Reforms target labor, land administration, taxation, and utility permits.
- Tax incentives include abolishing “Angel Tax” and reduced corporate taxes for foreign firms.
- Programs like PM Gati Shakti enhance logistics and digitize property records.
- Ranked 4th in WIPO’s Science & Technology Cluster Ranking; cities like Mumbai and Bengaluru in top 100 innovation hubs.
- Strengthened IPR framework with faster patent processing and user-friendly systems.
- Integration of AI and blockchain improves governance and efficiency.
- Public-private partnerships foster innovation and infrastructure development.
- Focus remains on IPR, advanced technologies, and business facilitation.
